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Bithumb Changes its Corporate Name to “Bithumb Korea” for Global Expansion
12.11.2019
In a recent press release, the biggest cryptocurrency exchange in Korea, Bithumb, announced to change its corporate name to “Bithumb Korea.” BTCKorea.com, which backs Bithumb, plans to replace “BTC” with “Bithumb,” with an expectation that the new brand name will foster a high brand awareness both...
Shinhan Bank of Korea to Develop Blockchain-based Platform for Loan Management
12.11.2019
According to the latest reports, Shinhan Bank has entered into a collaboration with SEMAS (Small Business Market Promotion Corporation) for building a blockchain-based platform dedicated to loan management. The platform would streamline the verification process for SMEs that apply for institutional...
Bithumb Global Launches Native Token for Exchange Ecosystem
12.11.2019
Bithumb plans to launch a native token on top of its namesake blockchain next year
Did South Korea Just 'Sentence Blockchain Gaming to Death'?
11.11.2019
South Korean gaming industry representatives say that the government may have doomed blockchain gaming to oblivion – after a regulator banned Infinity Star, a game that makes use of Ethereum ERC 721 Non Fungible Tokens (NFTs).
Late last week, the Game Rating and Administration Committee (GRAC)...
UN Claims Hong Kong Blockchain Firm Is North Korean Laundering Sham
6.11.2019
United Nations committee accuses North Korea of using a Hong Kong blockchain firm as a front to launder funds
North Korea Set Up a Blockchain Firm to Launder Cash: UN
6.11.2019
North Korea set up a Hong Kong blockchain firm in a bid to to launder stolen cryptocurrency and avoid sanctions, the UN has reportedly said
UN: North Korea Turns Talented Children into Cryptocurrency Hackers
6.11.2019
The UN believes that North Korea is training its most talented young IT talents to become elite cryptocurrency hackers – and thinks Pyongyang is a using a fake Hong Kong blockchain company as a front for money laundering schemes.
Per South Korean media outlet Chosun, South Korean MP...
Binance Enters Korean Market With New Business Entity
1.11.2019
Binance may have taken another step toward launching a crypto exchange arm in South Korea, according to a new business registration
Blockchain Banking March Continues Despite S Korea Digital Fiat No-go
1.11.2019
Many believe that China’s digital fiat will arrive soon, but South Korea, one of the Middle Kingdom’s closest neighbors, has all but ruled out issuing its own digital token – and states that digital fiats are still a way off. In the private sector, though, the pace of banking innovation just...
Korean Presidential Committee Pushes to Legalize Crypto
31.10.2019
A South Korean presidential committee is pushing for the government to establish legal status for cryptocurrency to stay competitive globally. So far, the government’s policies have been risk-focused to curb speculation, which the committee says must change. Also read: China Ranks 35 Crypto...
Developed Countries Have Little Need for CBDCs, Says Bank of Korea Official
31.10.2019
The Bank of Korea has again poured cold water on the idea of adopting a central bank digital currency, according to remarks made by an official of the central bank
Korean Government to Back Blockchain Startups With $9 Million Fund in 2020
29.10.2019
The Korea Internet Security Agency will be supporting blockchain-related projects in 2020 with about $9.0 million in funding
As China Goes Blockchain, South Korea Pledges New Investment
29.10.2019
After China announced its new focus on the blockchain technology last week, South Korea follows suit with additional investments.
The country's government will invest some USD 12.8 million in blockchain projects in 2020, the Ministry of Science and ICT has confirmed.
Per Fn News, the ministry...
South Korea’s Jeju Island Announced the Launching of Blockchain Ecosystem for Tourism Industry
26.10.2019
Jeju Island, a Korean tourist destination, will soon have a blockchain-based ecosystem for its tourism industry. The Olefang Global Consortium of Chinese, Japanese, and Korean companies led by iFang Korea is developing the ecosystem, which will include restaurants, hotels, car rentals, and shops....
South Korea to Shug off WTO’s ‘Developing Nation’ Tag
25.10.2019
In a new development that could set a precedent for many other countries, the government of South Korea today announced that it is going to voluntarily drop the ‘developing’ nation tag at the World Trade Organization. Over the years, there has been a lot of discussion about the fact that there...
PlayDApp Will Unlock the True Potential of Gaming
24.10.2019
The blockchain will unlock gaming’s true value
Asia's largest blockchain festival 'KBW 2019' main conference 'D. FINE'
Kevin Chu "Gamers are already ready to use blockchain technology"
Sung-Won Choi PlayDapp Head of Strategy "Share items in different games with blockchain”
The post PlayDApp Will...
Binance Joins Council of Internet Giant Kakao’s Blockchain Project
22.10.2019
Major cryptocurrency exchange Binance is joining the governance council of Klaytn, a blockchain project led by South Korean internet giant Kakao
Major Korean Banks Join Government-Backed Blockchain ID Initiative
21.10.2019
Institutions including the Shinhan and NH Nonghyup banks have joined a blockchain identity initiative aimed to securely share personal data
Samsung SDS Partners With Tech Mahindra for a New DLT Product
20.10.2019
Samsung’s software arm Samsung SDS announced a joint blockchain development initiative with Tech Mahindra
South Korea to Make a Complete Transition of Financial Trade Over Blockchain by 2021
20.10.2019
Financial trade in Korea is steering fast towards the blockchain. A recent local report published the story on the basis of an authentic report from the company. The complete transformation of the company could be achieved by 2021, according to the report, and transactions pertaining...